Covid-19 costs Tokio Marine ¥30bn across international units in Q2Tokio Marine HCC’s combined ratio deteriorated by 8.5 percentage points to 96.5 percent during the second quarter of the Japanese financial year, despite a modest reduction in the US specialty insurer’s natural catastrophe losses for the quarter.
Tokio Marine HCC adds four Axis alumni to delegated property teamTokio Marine HCC has continued to build out its delegated property team with four former Axis hires set to join the team.
Texas judge denies Gartner bid to move Tokio Marine Covid-19 suit to New YorkA Texas federal judge has rejected Gartner’s bid to transfer a suit filed by Tokio Marine unit US Specialty Insurance Co (USSIC) to New York.
Tokio Marine HCC posts near double-digit premium growth in Q1Tokio Marine grew net written premiums 1.6 percent year-on-year in its international businesses during the first quarter of its financial year, driven by growth of close to 10 percent at Tokio Marine HCC.
CICA gets event cancellation payout from Tokio Marine HCCThe Captive Insurance Companies Association (CICA) has settled its Covid-19 event cancellation insurance claim with Tokio Marine HCC for its international conference, with the association revealing it only started buying such cover last year.
Gartner slams forum of Tokio Marine Covid-19 event cancellation suitGartner has asked a Texas judge to dismiss a lawsuit filed against it by a Tokio Marine HCC unit seeking to cap its event cancellation payouts from Covid-19, arguing that the forum is unfair.
Tokio Marine HCC reshuffles trade credit leadership teamTokio Marine HCC has promoted Mark Reynolds to chairman and Jerome Swinscoe as president of its dedicated credit group.
Tokio Marine HCC completes acquisition of renewable energy MGA GCubeTokio Marine HCC has completed its acquisition of GCube with the renewable energy managing general agent (MGA) now looking to take full advantage of its Japanese parent’s global footprint to grow outside of its established markets.
Tokio Marine HCC sues Gartner to cap Covid-19 claims at $150mnA subsidiary of Tokio Marine HCC has filed a lawsuit against Gartner, seeking a declaration that the research and advisory company is not entitled to more than $150mn in event cancellation insurance related to Covid-19.
Tokio Marine pegs Q1 Covid-19 overseas exposure at $346mnTokio Marine Holdings has estimated its Covid-19 exposures within its overseas business will total a 37bn yen ($345.7mn) hit to its net income in Q1, with the bulk of this disclosure stemming from its investment portfolio.
TMHCC sees North American A&H book shrink in Q3Tokio Marine Holdings’ speciality subsidiary Tokio Marine HCC (TMHCC) saw a decline in North American net earned premium of 2.6 percent to 277.1bn yen ($2.5bn) in the third quarter of 2019, mainly driven by a shrinkage of its accident & health (A&H) book.
Tokio closes Pure deal, S&P lowers HCC operating units’ ratingsS&P Global Ratings has lowered the ratings of HCC’s operating companies to match those of Japanese parent Tokio Marine following the completion of the acquisition of high net worth (HNW) specialist Privilege Underwriters and its subsidiaries, known collectively as Pure Group.
TMHCC builds delegated property team with former Axis duoTokio Marine HCC has appointed Stuart Heath to the new role of head of delegated property and Linda Johnson as senior underwriter for delegated property.
TMHCC broadens Harmeyer’s leadershipTokio Marine HCC has appointed Thomas Harmeyer to the role of executive vice president, adding oversight of aviation, claims, business innovation and global marketing to his suite of responsibilities.
Brock and Weist named co-CFOS at Tokio Marine HCCSharon Brock and Tom Weist have been appointed co-chief financial officers at Tokio Marine HCC.
TMHCC continues surety expansion with Mexico launchTokio Marine HCC has launched a subsidiary in Mexico to generate local surety business, as the group looks to expand its international footprint.
TMHCC adds two underwriters to media, film & TV practiceTokio Marine HCC (TMHCC) has appointed Stuart Wolstenholme as media property and liability underwriting manager and Lucy Smith as media, film & TV underwriter, as the carrier expands its professional risks division.
Tokio Marine HCC restructures after NAS acquisitionTokio Marine HCC (TMHCC) has merged the operations of its professional lines division with recently acquired Lloyd’s coverholder NAS Insurance Services (NAS) to form the TMHCC Cyber & Professional Lines Group.
Tokio Marine puts UK business into run-offJapanese insurance giant Tokio Marine has placed its UK insurance company, Tokio Marine Kiln Insurance (TMKI) into run-off.
Tokio Marine HCC bolsters marine liability team with Skuld’s KnightonSpecialty insurer Tokio Marine HCC has named Paul Knighton as marine liability and logistics underwriter.